YHDESSÄ ETEENPÄIN -SEMINAARI Finnvera, May 31, 2011 A FANTASTIC VOYAGE DAG SANDÅS, CFO AND DEPUTY TO CEO 1 I 2011
WHEN THE WINDS OF CHANGE BLOW, SOME PEOPLE BUILD WALLS AND OTHERS BUILD WINDMILLS. Old Chinese proverb 2 I 2011
WIND POWER Average 36% growth 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 2012 2013 2014 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 3 I 2011
BUSINESS We are setting the standard for modern drive train technology. Currently, we are in close to 20 wind turbine designs and are building the capacity for them. Jukka-Pekka Mäkinen, President and CEO 4 I 2011
TECHNOLOGY Revolution 5 I 2011
THE SWITCH DRIVE The soul of every reliable wind turbine 6 I 2011
THE SUN SWITCH Utility-scale photovoltaic systems 7 I 2011
SOLAR Our solution offers an out-of-the-box approach for lower costs and greater reliability. It is based on mass-production wind converters. Anders Troedson, Vice President, Emerging businesses 8 I 2011
OUR APPROACH Standard products Fast track for newcomers Ready-to-go high-performance turbines Adapting from proven platform Starting from a commercially available model, we build to your specifications Tailor made Engineered specifically for your needs Well-documented processes shorten time-to-market Licensing or key component alternative Customized to your requests for any part 9 I 2011
PORTFOLIO NOW 6.0 POWER 5.9 MW/1100rpm 5.0 4.25 MW/16 rpm 5.6 MW/1200rpm 4.0 3.3 MW/365 rpm 3.3 MW/1000 rpm 3.3 MW/1500 rpm 3.0 3.3 MW/136 rpm 3.2 MW/414 rpm 2.7 MW/1000 rpm 2.7 MW/1500 rpm 2.2 MW/18 rpm 2.2 MW/1000 rpm 2.2 MW/1500 rpm 2.0 1.65 MW/17 rpm 1.65 MW/150 rpm 1.6 MW/1000 rpm 1.6 MW/1500 rpm 1.4 MW/292 rpm 1.1 MW/1000 rpm 1.1 MW/1500 rpm 1.0 SPEED LOW MEDIUM 1000 1500 10 I 2011
OPERATIONS Based on a networkable approach, we ensure nearly limitless capacity. It gives us the ability to do fast prototyping and multi-site rollout for volume growth. Pertti Kurttila, Vice President, Supply chain 11 I 2011
MODEL FACTORY CONCEPT Network for fast execution and flexible capacity Supplier Supplier The R&D Switch The R&D Switch R&D Model Model factory factory Supplier Model factory 12 I 2011
CAPACITY 2011 Extended according customer needs, also to new locations PMG units/year: Finland 500 China 2,000 FPC units/year: Finland 4,000 China 1,000 13 I 2011
THE PROACTIVE SWITCH Keeps turbines up and running Care services Field services Training services Spare parts services 14 I 2011
REFERENCES ScanWind, Norway 3.7 MW DD package 15 I 2011
LOCATIONS Silkeborg, Denmark Hudson, NH, USA Headquarters Vantaa, Finland Barcelona, Spain Vaasa, Finland Hamburg, Germany Lappeenranta, Finland Beijing, China Gumi-City, Korea Lu an, Anhui, China Hangzhou, China Medium Size Electrical Machines Deyang, Sichuan, China Chennai, India Hong Kong, China 16 I 2011
GROWTH IN PERSONNEL 300 250 200 150 100 50 0 2005 2006 2007 2008 2009 2010 (and approx. the same growth in our partner network) 17 I 2011
GROWTH IN TURNOVER MEUR 150 100 50 0 2005 2006 2007 2008 2009 2010 *2005-2007 are pro forma numbers 18 I 2011
GROWTH IN EBITDA MEUR 17 12 7 2-3 2005 2006 2007 2008 2009 2010 *2005-2007 are pro forma numbers 19 I 2011
THE INTERNATIONALIZATION AWARD 2010 By the President of Finland 20 I 2011
TALOUSELÄMÄ 500 TE arvosana: 9,9 21 I 2011
CHANGE IN OWNERSHIP On 14 March AMSC signed an agreement to acquire 100 % of the shares Current Future 22 I 2011
UUSIA KANAVIA USA:N KAUTTA 23 I 2011
VEIKÖ USA RAHAMME? Suomi -> - Finnvera takauksia pankeille - Finnvera kehityslainoja - TEKES tuotekehityslainoja - TEKES kehitysavustusta - Finnvera tehdasprojekteissa mukana Köyhien ainoat ystävät (siis start-up yritysten) -> Suomi - 250 uutta työpaikkaa -> tuloveroa - partneriverkostoon yhtä monta uutta työpaikkaa - yli kahdentoista prosentin liikevoitto -> tuloveroa - X MEUR osinkoja -> pääomaveroa - noin XXX MEUR myyntivoitto -> pääomaveroa + Työpaikat ja kasvu jäävät Suomeen 24 I 2011
TYÖPAIKKOJA SUOMEEN, vaikka markkinat ovatkin maailmalla Kasvuyrityksillä on paljon puolestapuhujia, mutta vähän auttajia Maailmanmarkkinoilla toimivat yritykset tarvitsevat tukea, koon kasvaessa myös haasteet kasvavat Kansainvälinen kilpailu clean tech yrityksistä on kovaa - esim. tuotekehityspanokset ja muut panostukset tulisi huomioida veroetuina Energiapolitiikan sijaan teollisuuspolitiikkaa Uusiutuvan energian teollisuus on todellinen mahdollisuus 25 I 2011
Kiitos! Äyritie 8 C FI-01510 Vantaa, Finland Tel +358 20 783 8200 Fax +358 20 783 8570 26 I 2011